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Earnings Per Common Share ("EPS")

9 Months Ended

Mar. 31, 2024

Note 4: Earnings Per Common Share (“EPS”)

Basic and diluted earnings per common share are presented for the three month and nine-month periods ended March 31, 2024 and 2023. The factors used in the earnings per common share computation are as follows:


	Three Months Ended March 31, 2024			Three Months Ended March 31, 2023			Nine Months Ended March 31, 2024			Nine Months Ended March 31, 2023
Net income	$	708		$	690		$	1,359		$	4,063

Basic weighted average shares outstanding		3,353,026			3,343,670			3,354,097			3,318,809
Less: Average unallocated ESOP shares		(141,932	)		(161,177	)		(146,743	)		(165,988	)

Basic average shares outstanding		3,211,094			3,182,493			3,207,354			3,152,821

Diluted effect of restricted stock awards and stock options		—			82,103			—			86,964

Diluted average shares outstanding		3,211,094			3,264,596			3,207,354			3,239,785

Basic earnings per common share	$	0.22		$	0.22		$	0.42		$	1.29

Diluted earnings per common share	$	0.22		$	0.21		$	0.42		$	1.25